With your original pictures - I agree with larger rug. But I don't agree with comments suggesting the rooms are monochromatic. They are lively indeed. I think you are just missing some accessories! Art work on the empty walls - even just a single large dramatic piece is in order. In the bedroom on the white wall, in the living space behind the sofa, in the greenish bedroom behind the two beds. Those are instant areas where you can improve. But I think your spaces are lovely and well put together. Also I agree with the comment about table lamps - some of those would really add something, and your coffee table looks so empty - maybe just one gorgeous bowl, or stack some books. These rooms are 90% done in my opinions, just need a few finishing touches. Some of my rooms come out like this because the clients are not willing to pay for those last few finish items or feel they can do that part themselves...

Perhaps a large round table might mean a rug is not at all necessary. It could be a metal tray table, or carved wood like Rebecca Mitchell Interiors illustrates. Ideas also to consider, using multiple tables can be found at http://www.houzz.com/multiple-coffee-tables. I also agree with comments above that some color is needed on the walls. You could then hang round mirrors, or an unusual curved shape like RMI shows above.

Keya, glad you decided to take the one reader's idea about moving the armoires in front of windows that you don't need and giving the bed a wall of its own! And, yes, you can have Roman shades on one wall and layered drapes on the other. When I had drapes made for my tall sitting room windows/doors, I had them use the same fabric for the Roman shades for the smaller windows on the other wall. For me personally, in these older Indian homes with all the odd nooks and niches in the walls, perhaps it would be more soothing to have a light/med tone paint on the walls that blends with the drapes/blinds for an 'uninterrupted' look, and I would use the same color on ceiling and beams. (but that is just my thought) I would start the process with a large carpet with your favorite colors, then choose your Bedcover & cushions, then your wall paint and fabric for drapes/blinds ..Not certain what style you like, but if you really like a particular Ethnic bedcover fabric, you can always have them stitched into curtains or Roman shades too. Can't wait to see the "After" pics!

I feel partitions are not needed. You already have too much for the space. Adding a partition will shrink the space further. The simplistic solution, you do not wish to discard any furniture would be to paint all the walls in lighter pastles. And use some wall painting frames to highlight certain walls.